21 September 2014

Identity Theft Expert

Robert Siciliano - IDTheftSecurity.com

512 | posts 1,307,921 | views 59 | comments

Protecting yourself from debit card fraud

06 January 2014  |  3272 views  |  0

A thief got a hold of woman’s debit card information and raided her bank account. This true story is described in a recent St. Louis Post-Dispatch article.

 

Thieves can wire money over the Internet and get the cash by showing a false ID, says the article. This kind of fraud is more common than people think. In the woman’s case, Visa detected the theft quickly and she got her money back. Many victims, though, learn they were robbed only after a check bounces.

You can’t 100 percent prevent card fraud because thieves hack into computers at banks and retailers to get card information. A clerk, even, can run your card through electronic skimmers to duplicate it. Skimmers are then swiped through ATM machines or gas pumps, ripping you off. However, there are ways you can reduce the fraud.

Don’t be phishing bait. An e-mail comes to you claiming you must make a payment and includes a link where to do this. These scam e-mails make gullible people think they’re from banks, retailers, even what seems like the IRS. The link to a phony website entices victims into typing in their bank account or credit card numbers: a done deal for the thieves.

Review bank and credit card statements promptly. Reporting something suspicious within two days means minimal liability with bank accounts. Wait too long and you may never recover your loss.

Never lose sight of your debit card. Always watch clerks swipe it. Don’t hand it to anyone else at the store.

Consider ditching the debit/credit card. Use an ATM card and a separate credit card rather than the combo.

Never give your card to anyone. This means a caregiver, nanny, dog sitter, relative—you never know what they may do.

Never give your card or account information to someone who phones you.

Never leave your checkbook around where someone can get at it. The St. Louis Post-Dispatch article reports the case of a man whose girlfriend’s heroin-addict son found his checkbook and wrote checks totaling $40,000 before he realized he’d been robbed.

TagsSecurity

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Robert

10 most dangerous Facebook Scams

9 hours ago  |  450 views  |  0  |  Recommends 0 TagsSecurity

Is private NSA proof E-mail possible?

18 September 2014  |  699 views  |  0  |  Recommends 0 TagsSecurity

Identity proofing proves who You are

16 September 2014  |  1299 views  |  0  |  Recommends 0 TagsSecurity

Are All Hackers Bad?

09 September 2014  |  749 views  |  0  |  Recommends 0 TagsSecurity

How to Secure Your iCloud

03 September 2014  |  1612 views  |  1  |  Recommends 0 TagsSecurity
name

Robert Siciliano

job title

Security Analyst

company name

IDTheftSecurity.com

member since

2010

location

Boston

Summary profile See full profile »
Security analyst, published author, television news correspondent. Deliver presentations througho...

Robert's expertise

Who is commenting on Robert's posts

Ketharaman Swaminathan
Boris Taratine
Michael Rosenstein
Fred Pyziak
Matt Scott
Spyindiavimlesh kumar
Paul Love
Mike McCormack